Overview
Panaseer is a pioneering force in the cybersecurity industry, known for being the first Continuous Controls Monitoring (CCM) platform. This platform provides enterprises with essential capabilities for automated and reliable insights into their cybersecurity and risk posture. Founded in 2014, it has become a critical player by offering extensive surveillance across IT assets and ensuring the effectiveness of security controls. Panaseer's platform enables Chief Information Security Officers (CISOs) to gain visibility over all digital assets, effectively transforming cybersecurity from reactive to proactive management.
Leadership Team
- Jonathan Gill - Chief Executive Officer: With over 25 years of expertise in cybersecurity and data integration, Jonathan Gill emphasizes values-driven, results-oriented leadership. His extensive experience spans global and regional sales in high-growth enterprise software environments. ([LinkedIn Profile](https://uk.linkedin.com/in/jlgill))
- Charaka Goonatilake - Chief Technical Officer and Co-founder: Charaka leads the development of innovative big data technologies, including Hadoop-based security analytics platforms for effective cyber threat detection.
- Brian Levin - Chief Customer Officer: Brian is responsible for go-to-market strategies and revenue growth initiatives, having led sales and customer success strategies for several startups.
- Marc Moesse - Chief Product Officer: Marc's extensive experience in product strategy, execution, and M&A has contributed to successful company exits in his previous roles.
- Sophie Harrison - Product Operations Manager and Co-founder: Sophie brings her expertise as a market engagement consultant, emphasizing operational excellence at BAE Systems.
- Nik Whitfield - Founder and Chairman: Continues to play a strategic role in the company's growth, building foundational cybersecurity detection systems for global financial entities.
Investment and Growth
Panaseer has successfully secured approximately $70.4 million in funding. Notable investors include Cisco Investments and AllegisCyber Capital. The latest funding, a Series B round led by AllegisCyber Capital, raised $26.5 million to advance their cybersecurity solutions.
Solutions and Offerings
Panaseer's platform enhances security posture management by providing:
- Comprehensive Cyber Controls Scorecard: Enables businesses to monitor and optimize the performance of security controls.
- Security Posture Management: Automates risk prioritization and delivers evidenced remediation, ensuring continuous compliance and audit readiness.
- Cyber Asset Management: Offers total visibility and continuous analysis of IT assets, focusing on endpoint analysis, vulnerability assessment, and patch management.
Strategic Partnerships and Developments
- Partnership with PwC: Collaborates with PwC UK to provide ongoing cyber risk monitoring services, extending its reach in the enterprise environment.
- Innovation in Cybersecurity Governance: Launched the Cybersecurity Controls Scorecard for metrics and measurements essential for robust security governance.
Corporate Governance
Panaseer operates from its headquarters at Ashcombe Court, Woolsack Way, Godalming, Surrey, GU7 1LQ, United Kingdom, with approximately 143 employees and an estimated annual revenue of $31.4 million.
Competitor Analysis
Key Competitors
1. Axonius: With an estimated annual revenue of $160.9 million and a staff of 621 employees, Axonius specializes in cybersecurity asset management, integrating various data sources to secure IT assets comprehensively.
2. Qualys: A leader in cloud-based security and compliance, Qualys generates $396.2 million in revenue with 2,747 employees. It partners with major cloud providers, offering extensive security intelligence through their Enterprise TruRisk Platform.
3. Tripwire: Renowned for security and compliance management, Tripwire excels in file integrity monitoring and policy compliance across industries like finance and healthcare. Now part of Fortra's broader cybersecurity portfolio.
Notable Achievements and Strategic Focus
Panaseer has seen significant milestones, including doubling its revenue in 2021. Its strategic focus lies in enhancing security posture management through advanced data analytics, meeting the rising demand for automation in cybersecurity.
Implications for Sales Strategy
Panaseer's emphasis on automation and proactive security presents unique selling propositions within the cybersecurity sector, specifically for the financial industry, where real-time asset visibility and compliance are critical requirements. This profile suggests potential for strategic partnerships and integrations that leverage Panaseer's strengths in untapped markets.
